Moody’s Investors Service, a leading provider of credit ratings, research, and risk analysis, has downgraded 11 regional banks in the United States, including Zions, U.S. Bank, and Western Alliance. The downgrades were driven by the economic and financial impact of the COVID-19 pandemic, which has affected the financial performance of banks across the country. Table […]
BRICS de-dollarisation push gaining momentum – Jakarta
Introduction The BRICS nations (Brazil, Russia, India, China, and South Africa) have been working towards de-dollarisation for several years now. This push away from the US dollar as the global reserve currency has gained momentum recently, with Jakarta becoming the latest city to make a move towards this goal. What is de-dollarisation? De-dollarisation is the […]
India and Bangladesh ditching dollar in trade: de-dollarisation continues full throttle
Introduction Brief overview of de-dollarisation India and Bangladesh’s decision to ditch the dollar in trade Importance of this decision in the global economic landscape The Rise of De-dollarisation Explanation of de-dollarisation Historical context of the US dollar as the global reserve currency The shift towards de-dollarisation by countries such as Russia and China Reasons for […]
PUTIN & MOHAMMED BIN SALMAN TALKED ABOUT OPEC+ COOPERATION BY PHONE
On April 22, 2023, Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman held a phone call to discuss OPEC+ cooperation. This call highlights the importance of OPEC+ cooperation in stabilising oil prices and ensuring the stability of the global economy. In this article, we will delve deeper into the history of OPEC+ […]
Sharia ruling on the permissibility of buying & selling gold & silver online: bay’al-sarf
Question Can I buy gold jewellery online where by I make a payment to the seller using bank transfer of paper money or do the same using my bank card. The seller then sends me the gold item by post? Did we exchange the gold and paper money on the spot or not please? […]
Arkansas Makes Gold, Silver Legal Tender; 23 States Involved in Similar Legislation to Establish US Dollar Alternatives
Introduction Background Arkansas Gold and Silver Legal Tender Law Key provisions of the law Benefits and challenges of the law Similar Legislation in Other States Overview of similar legislation Examples of states with similar laws Pros and cons of the movement Historical Context of Gold and Silver as Legal Tender History of gold and silver […]
The Implications of Japan’s Record-Breaking Trade Deficit
Japan has been one of the leading economies in the world for decades, but it is now facing a serious economic challenge due to its record-breaking trade deficit. This article explores the implications of Japan’s trade deficit, including the factors that contributed to it, the impact on the Japanese economy, and the possible solutions to […]
Crude Oil Price Falls to Almost 300%
The global oil industry has been hit hard in recent years, and the recent decline in crude oil prices has been a major cause for concern. With prices falling to almost 300%, the impact on the global economy has been significant. In this article, we will discuss the reasons for the decline in crude oil […]
The Annual World Silver Survey: Record Market Deficit and Demand for Silver
The Annual World Silver Survey is a yearly report that assesses the supply and demand for silver. According to the latest release, the market experienced the most substantial deficit on record, with a deficit of 237.7 million ounces. The report shows that global silver mines cannot produce enough silver to meet the growing demand. This […]
Sunnah Currency digitising Vaulted Gold and Silver Redeemable via AMANAH Debit Card
Introduction Explanation of Sunnah Currency Importance of Gold and Silver in Islamic culture Overview of tokenisation and its benefits The purpose of the article Understanding Sunnah Currency Definition of Sunnah Currency The significance of Sunnah Currency in Islamic finance How Sunnah Currency can benefit the Islamic community Vaulted Gold and Silver Definition of vaulted gold […]